US to sanction bitcoin ‘mixer’ for aiding North Korea

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Al-Araby

The United States announced sanctions Friday on virtual currency mixer Blender.io, saying the service was used by a North Korean cyber hacking group to support weapons programs, the Treasury Department said. US officials said the case marks the first US sanctions on a virtual currency “mixer,” which is used to conceal participants in transactions involving Bitcoin and other cryptocurrencies. Officials said the Lazarus Group, a North Korean-backed cyber hacking group, stole $620 million from the online game Axie Infinity, employing Blender to process over $20.5 million of the illicit funds. Ble…

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